Instant has signed a four and a half-year Managed Office agreement with a leading insurance provider in the Philippines, marking its fourth project for the company.
The Instant Group, the largest global marketplace for flexible workspace, has signed a four and a half-year Managed Office agreement with a leading insurance company in the Philippines to deliver a new flexible office in Cebu, one of the largest cities in the country. This will be the fourth office delivery for this client by The Instant Group.
The Managed Office product affords companies a unique way to procure and deliver space, on time and on budget, incorporating a tenant’s brand and office specifications while Instant assumes both the lease and management of the space. Globally, The Instant Group has delivered over five million square feet of Managed Office space for large multinational companies including Jaguar, Land Rover, and GSK.
ABOUT THE NEW CEBU OFFICE
Due for completion in August 2025, Instant will be delivering a new office solution for the Insurance sector customer in Cebu. This will comprise a total of 12,130 sq ft in Cebu Business Park and house approaching 1,000 agency workforce staff. The new office in Cebu will take Instant’s total square footage for this client in the Philippines to 128,000 sq ft, hosting up to seven thousand people from within their business.
“This is a standout deal that reflects the strength of our partnership with this particular client. We look forward to delivering another evolving product, this time in a new city for The Instant Group - with a space that meets the same high standards and efficiencies we’ve achieved previously. Our commercial acumen and ability to think laterally have been key to meeting a challenging financial brief, and we look forward to creating a workspace that supports our client’s continued growth in the region.” said Paul Marshall, The Instant Group’s Executive Director, Managed Asia Pacific.
The Managed Office will enable improved agent user experience coupled with increasing efficiency in the real estate solution – a core fundamental of the existing portfolio of offices delivered by Instant across the Philippines.
About The Instant Group
The Instant Group is the largest independent marketplace for flexible workspace, seamlessly connecting supply and demand to enable frictionless hybrid work. Founded in 1999, Instant has over 600 flex market experts working globally across more than 170 countries. We provide over 250,000 occupier clients around the world with everything they need to work smarter, whether that be office space, coworking memberships, virtual offices, or meeting rooms. Our global team also provides commercial real estate consulting services including strategic advisory, data and insights, portfolio strategy, procurement and sustainability. Our clients include Prudential, Booking.com, Shell, Jaguar Land Rover, GSK, and Hines, working with our people across virtual and real-life offices including London, Paris, New York, Hong Kong, Singapore, and Sydney.
About Incendium Consulting
As part of The Instant Group, Incendium provides clients with real estate procurement, consulting, talent and change management programs that enable organizations to use real estate as a catalyst of agility, performance, and value.
